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Decision details
Town Deal Heads of Terms and next steps
Decision Maker: Town Deal
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decisions:
Victoria Conheady updated:
· Hastings Town Investment Plan submission was successful and offered £24.3m
· All projects were included and only two of these had minor conditions attached
· The managing authority (HBC) and Town Deal board need to decide how the funding offer will be profiled and which projects proceed
· Heads of Terms need to be signed and submitted by 29th June
· HBC Cabinet is meeting on 25th June to approve the heads of terms from an accountable body position, and to approve the progression and delivery of the business case stage and the governance/programme structures
· After submitting the signed heads of terms, further information has to be submitted within 2 months:
o Overall programme financial profile
o Details of the projects being taken forward (including the financial profile)
o Plan for addressing the key conditions
The board agreed to endorse the Heads of Terms for Hastings, including the fund offer ready for submission to government, subject to HBC cabinet approval.
Next steps:
As there is a £3.9m funding gap to be met, the project re-prioritisation process will begin using the re-prioritisation tool supplied by the Towns Hub. Genecon will be brought in again as the independent assessor, the project prioritisation working group will be re-instated and liaison with project leads will start. This process has to be completed within six weeks and board agreement will be sought, in conjunction with the borough council prior to submission to government, confirming the details at the end of August.
Due diligence/project status checks are being undertaken on all projects, including the shovel ready projects. It may be possible to submit the shovel ready project business cases alongside the summary document in August, however, these can be submitted at a later date if required.
The tender is now live to seek consultant resource for business case development work.
It was confirmed that the Hastings local criteria that was previously used can be built into the re-prioritisation process. The criteria will be circulated to the board and should this change for whatever reason, the board will be advised. Action: Victoria
Engagement and Communications
Hannah updated:
· The funding announcement messaging is continuing throughout June
· Engagement is progressing as per framework set out in the Town Investment Plan
· Details of offline and online content strategy are being developed, including project showcase, curriculum programme and liaison with project leads
· Accelerated projects celebration events are to be planned as they are coming to completion
· Statistics around the blog and social media channels were presented (see below)
Publication date: 02/07/2021
Date of decision: 22/06/2021
Decided at meeting: 22/06/2021 - Town Deal
Accompanying Documents:
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